Owen

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  • Tuesday Outlook: Commodities, Emerging Markets
    YR Dog,

    Yes, I must be The Insider Shill who drove up the entire market 5% on large volume after the close on Friday. I am also Jack the Ripper and the Easter Bunny.

    Stupidity always hits a nerve with me. I can assure you that if I had access to insider information which I could lawfully use, I would use it without hesitation.
    Nov 11 11:00 am |Rating: 0 -5 |Link to Comment |View article
  • Tuesday Outlook: Commodities, Emerging Markets
    We have laws against trading US securities based on non-public information about these companies to which the insider trader has access. There is, however, no law against trading such securities based on advance knowledge of the actions of a foreign government. It is perfectly legitimate under US law for people close to the Chinese or any other foreign government to use such government information for their advantage in trading US securities.

    It may be "crap", as you call it, but it's part of the game. Insiders are not there for you to "trust" (or mistrust); they are there to make money off you. They play under exactly the same set of rules as you do, but armed with more information than you have. Live with it or find a new profession.
    Nov 11 07:28 am |Rating: 0 -6 |Link to Comment |View article

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